LOS ANGELES (CBS) — The cost of raising a child continues to climb and parents starting a family this year should be prepared to shell out hundreds of thousands of dollars before their kid even turns 18.
According to the U.S. Department of Agriculture, children who were born in 2010 will cost a middle-income family nearly $227,000. The kicker — that number does not include college tuition.
According to the study, the highest price hikes were in child care, education, health care and transportation.
In 1960, when the first report was issued, it cost slightly more than $25,000 to raise a child to the age of 18.